Crypto regulation in Ukraine postponed again. Miner sell-offs and high oil prices weigh on the market. Scammers exploit MiCA. Revolut gives customers ChatGPT Go
Ukraine’s crypto asset regulation law may be postponed again
The adoption of the law regulating Ukraine’s virtual asset market, which was previously planned for August, may be postponed until at least fall 2026. This was reported by MP Olha Vasylevska-Smahliuk.
The National Bank of Ukraine and the National Securities and Stock Market Commission have yet to agree on how their powers will be divided. A meeting of the working group on the issue has also been postponed indefinitely.
Vasylevska-Smahliuk cited another reason: insufficient support for the initiative among lawmakers. According to her, many MPs own crypto assets and are therefore not interested in regulating and taxing the industry.
Ukraine has been trying to establish rules for the virtual asset market for about four years. Vasylevska-Smahliuk believes that further delays in passing the bill could negatively affect the country’s ability to fulfill its commitments to international partners.
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Miner sell-offs and high oil prices are holding back crypto market growth
The cryptocurrency market is still not receiving sufficient support for growth, while the conflict between the U.S. and Iran over the Strait of Hormuz could make the situation worse. These are the conclusions reached by experts at international crypto firm Wintermute.
Key factors putting pressure on cryptocurrency prices:
- Declining interest in Bitcoin ETFs (exchange-traded funds). From August 10 to 14, outflows reached $390 million.
- Miner selling. Riot Platforms, a cryptocurrency mining company, sold 8,078 BTC over the past six months. The company’s cost of mining one Bitcoin was $91,000, while the asset’s market price was below $64,000. Under these conditions, miners are forced to sell accumulated BTC to offset their costs.
- Commodities market. The price of Brent crude rose 7.91% over the week. Further increases could fuel inflation in the U.S. and prompt the Fed to postpone interest rate cuts. High borrowing costs typically reduce investor interest in risky assets, including Bitcoin.
As of August 17, 2026, Bitcoin is trading at $63,260, which is 48% below its all-time high, while Ethereum is trading at $1,912 — 61% below its record high.
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MiCA transition creates new opportunities for crypto scammers
The introduction of MiCA (uniform requirements for crypto companies) in the EU market has triggered a new wave of scam attacks.
After the main transition period ended, more than 1,700 platforms were required to stop serving EU users. However, as of July 1, only 323 companies had received MiCA licenses. As large numbers of customers moved to other platforms, scammers began sending fake notifications about changes to service terms and account migrations.
Attackers copy genuine messages from crypto exchanges and impersonate regulators. Users are redirected to fake websites, where they may be asked to enter their login credentials or transfer funds.
The European Securities and Markets Authority (ESMA) has already warned about cases in which its name, logo, and forged documents have been used in such schemes. Users are advised to check crypto platforms against ESMA’s official register and ignore unexpected requests to transfer money.
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Revolut will give customers access to ChatGPT Go for up to one year
Fintech company Revolut has announced a partnership with OpenAI that will allow customers to use the paid ChatGPT Go subscription for free. The duration of the offer depends on the selected Revolut plan and ranges from three months to one year.
ChatGPT Go offers higher limits than the free version of the service, as well as expanded capabilities for file uploads, document analysis, and image generation. In the UK, the standard subscription price is £7 per month.
Customers on higher-tier plans will receive the longest access period. Revolut Ultra and Metal customers will be able to use ChatGPT Go for free for 12 months. Ultra customers can also provide the same access to one other person.
Users of Premium, Revolut Pro, and Revolut Mobile will receive a six-month subscription, while Plus and Standard customers will get three months of free access.
Revolut explained that it aims to include not only financial products in its plans but also digital tools for work, study, and everyday tasks.
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Capitalist now offers AML risk checks for crypto addresses and transactions
Payment service Capitalist has launched a new feature for checking crypto addresses and transactions for AML (risk of links to illegal activity). One check costs $1.
Using the service, you can check your own crypto address, a counterparty’s wallet, an unfamiliar address from which you received funds, or any external transaction. To perform the analysis, simply provide the crypto wallet details or the transaction hash.
The check is performed by BitOK, a specialized blockchain service. The system analyzes the transaction and helps identify potential risks associated with the origin of the funds.
Such a check can be useful before receiving cryptocurrency from a new counterparty or conducting a transaction with an unfamiliar address.
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